Facite Foundation ICO review

facite-ico

Blockchain Business Model In Kazakhstan. Facite ICO rating – not rated.

ICO Facite Visit Facite ICO site

Upcoming ICO : 27/05/19 – 29/05/19

ICO rating

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web site Facite
web site Facite

About Facite ICO (token sale)

The Facite Foundation built and operates a mining center in Kazakhstan based on geographical conditions, government policies, and electricity schemes for the mining industry. The mining center can accommodate up to 2 million mining machines with a size of 180 hectares (ha) and can be expected to produce stable and consistent revenue generation based on cheap electricity.

The mining center, contracted by the Facite Foundation, is located in Pavlodar in Kazakhstan’s free economic zone. The size of the mining site is 180 ha and Facite Foundation’s mining center takes up 3 ha. The term for the site agreement is 49 years from 2018, the amount of electricity required by approximately 2 million operating miners has been secured. Furthermore, since Facite Foundation’s Mining Center is located very close to a power substation, the probability of short circuiting is very low. In other words, efficient mining is possible because no electricity is wasted in the process of securing an electrical supply.

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In early 2019, the City of Pavlodar will provide electricity to the mining site. The electricity tax for mining will be reduced by about 25% with support from the city, and as a result, the mining center in Kazakhstan will be able to further upgrade its mining competitiveness.

The Pavlodar site is the world’s best mining site with optimal conditions for mining, including active support from the government, affordable electricity, and an ideal mining environment thanks to Kazakhstan’s efforts for digitalization.

Excluding Kazakhstan, the eleven countries mentioned above had an average mining cost of $9,355 for 1BTC. However, Kazakhstan recorded $2,835, the lowest among all.

Holders of Facite ICO tokens will receive dividends of the profits earned from the Pavlodar Facite mining center, the Shimkent City bus card project, and solar power plant project.

Token Economy The issuance of Facite ICO tokens is intended to promote the common interest of all stakeholders in the Facite ecosystem through all of the projects carried out by Facite.

Description The Facite ICO token matrix is composed of 40% token sales, 20% company operations, 10% team members, 10% marketing, 10% development, 5% advisors, and 5% reserves. The percentage of team members (10%) and the ratio of advisors (5%) will be locked for six months from the first listing day.

Token Sale

  1. Private-sale + Bonus 10% ( 700,000,000 FIT ) + Airdrop ( 300,000,000 FIT )
  2. Pre-sales + Bonus 5% ( 1,000,000,000 FIT )
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